Raslag Corp. has signed a shareholders and asset purchase agreement with Singaporean firm Verdant Philippines Alpha Pte. Ltd. to jointly acquire PHESI Holdings Corp., which has a controlling interest in the project company developing wind and battery energy storage systems in Puerto Galera.
Yuchengco-led PetroEnergy Resources Corp. (PERC) on Friday said expansion and acquisition cut its first quarter earnings to P280.8 million from P321.7 million in the same period last year.
MANILA, Philippines — Amid the country’s bold shift toward clean energy, insurance companies have sharply raised premium rates for coal-fired power plants, according to the Department of Energy (DOE).
MANILA, Philippines — Energy storage is stepping into the spotlight of the country’s green transition, with more companies making bold investments to unlock its game-changing potential.
LISTED renewable energy developer Citicore Renewable Energy Corp. (CREC) booked an attributable net income of P137.89 million for the first quarter (Q1), up 15.4% from the previous year, driven by higher electricity sales.
The Philippines and South Korea have signed a memorandum of understanding (MOU) to strengthen cooperation on trade, energy, and industrial development, with a particular focus on the value-added processing of critical minerals used in battery production.
MANILA – The country’s energy sector has grown into a PHP3.3-trillion industry, up from PHP630 billion in 2022, according to the Department of Energy (DOE).
Energy Secretary Raphael Lotilla on Thursday urged insurance companies to continue providing coverage to coal-fired power plants at reasonable rates amid the ongoing energy transition.
MANILA – Drilling operations under Phase 4 of the Malampaya gas-to-power project are set to begin soon as the drillship is scheduled to arrive at its site off northwest Palawan by second half of June 2025.
MSpectrum, Inc., a wholly owned solar subsidiary of Manila Electric Co. (Meralco), has expanded its partnership with Southeast Asia Retail Inc. —the company behind Landers Superstore—through two new solar rooftop projects.